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Daily bullish Flag Breakout A Bullish Breakout of Flag and Pole pattern is visible on the Weekly chart of NSE:MFSL
MACD already gave Positive crossover on Daily, Weekly and Monthly chart. So, expecting the momentum to continue.
One can create a fresh position in the scrip as per the levels mentioned on the chart.
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Risk Disclaimer:
The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions.
MFSL: Equally Poised in either directional movememtThe NSE:MFSL is showing the previous High High (point #3 in chart) or Higher Low (point #4 in the chart) as the range bounded movement.
Potentially the move can happen in any direction.
But quite likely it will be in upside only as the volume buildup is positive and increasing.
Trade : Both sides ( green color price tags for Long, red color price tags for short )
BUY above 712, SL: 705, T: 715/718
SELL below 697, SL: 702, T: 692/689
📊 MFSl - Max Financial Services Swing Trade Opportunity 🎯NSE:MFSL
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
#MaxFinancialServices W breakout pattern#MaxFinancialServices W breakout pattern seen on daily with >average volume. Caution on momentum divergence.
momentum on shorter timeframe climbed into bullish zone along with that of long/medium term.
Even a 50FIB trend projection from last swing could be 2% from current price levels.
📊 Max Financial Services 🎯 MFSLNSE:MFSL
As I always say that Harmonic Trading strategy is all about reversal trading. if you know how to trade on reversal then only you can and you should trade on Harmonic patterns.
as one can see that there are two Harmonic patterns on this MFSL chart it shows that This reversal zone might be more strong then usual one.
As per this harmonic pattern chart
First Pattern PRZ:- 1097
Second Pattern PRZ:- 1087.05
and here we should follow second pattern stop loss as it's smaller then first pattern although as per this second pattern also stop loss is quite big so take short trade only on reversal only.
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******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.